Case Study II Enterprise Risk Management

Khalil Dindarian

Chapter 9 in Embracing the Black Swan, 2023, pp 135-139 from Springer

Abstract: Abstract This chapter describes an ERM case study that includes the Governance process for ensuring the transparency of consequences and the way senior executives direct and control their organization. There are different interests and expectations at every level, such as the Audit Committee of the Supervisory Board, the Board itself, the Executive Board, the Corporate Risk Committee, the divisional lines, the business-unit lines, the country lines and, finally, middle- and lower management. Nevertheless, the Board of Directors provides a functioning ERM system that will not overlook any major issues that could harm the business. The way that corporate finance, risk management, and external audit functions—including governance owners such as IT, HR, legal-&-compliance, and the supply chain—cooperate with each other is presented, as is an explanation of how emergent risks are identified at corporate level. Furthermore, the decision-making processes on individual project portfolios, including business risk, legal-&-compliance, commercial, and various technical areas are discussed.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-29344-3_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031293443

DOI: 10.1007/978-3-031-29344-3_9

Access Statistics for this chapter

More chapters in Future of Business and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().